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US-based Alliant Insurance coverage Companies has launched an extra insurance coverage programme for the trucking {industry}.
Centered on the center market fleet operators, the brand new providing is designed to return extra premium for protected driving.
Alliant mentioned the surplus programme will cater to the wants of fleets which have over 50 energy items and embody major limits of $1m or $2m, with deductibles as much as $250,000.
These placements might be obtainable completely by way of Alliant Transportation.
The system makes use of knowledge from fleets’ digital logging gadgets (ELDs) to find out protected driving behaviour based mostly on the precise driving.
Alliant aids transportation purchasers in putting underlying major insurance policies along with creating the trucking extra programme to decrease the price of extra protection.
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Alliant Transportation senior vice-president Mark Epperson mentioned: “Nuclear verdicts and different {industry} forces have pushed up the price of insurance coverage for all trucking corporations. Many fleets investing in expertise and security are being adversely impacted.
“This extra product, completely from Alliant, permits trucking corporations to guard themselves and earn a premium dividend by way of protected driving behaviours.”
Individually, Alliant introduced that it has appointed Morgan Jensen as vice chairman of its Alliant Americas enterprise to develop its presence within the Midwest area.
With greater than 20 years of expertise, Jensen will provide specialised threat administration and property and casualty (P&C) insurance coverage options to a variety of regional purchasers.
Alliant govt vice-president and senior managing director Bob Bennetsen mentioned: “Morgan will play a key position in increasing our presence within the area by offering best-in-class service whereas serving to us discover new progress alternatives.
“His broad-based experience and long-standing success as a strategic threat advisor will function a strong addition to our rising workforce in St Louis.”
In Could 2023, Alliant acquired oil and gasoline industry-focused P&C insurance coverage firm McAnally Wilkins.
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